Can Second-Generation Endogenous Growth Models Explain the Productivity Trends and Knowledge Production in the Asian Miracle Economies?
利用1953-2006年六个亚洲奇迹经济体的数据,检验了研发对增长的驱动作用,发现熊彼特增长理论比半内生增长理论更符合数据,研发对增长起关键作用。
Using data for six Asian miracle economies over the period from 1953 to 2006, this paper examines the extent to which growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory. Furthermore, it is shown that R&D has played a key role for growth in the Asian miracle economies. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.